MMA Praxis Mutual Funds
Supplement Dated August 30, 1996
to the Prospectus Dated May 1, 1996
Effective August 31, 1996, the information set forth in the Prospectus
is restated as follows:
1. On page 32, under the heading "Trustees of the Company", in the section of
the Prospectus entitled "Management of the Company", the second sentence in
the first paragraph is replaced in its entirety with the following
sentence:
"There are currently two Trustees, who are 'interested persons' of the
Company within the meaning of that term under the 1940 Act."
2. On page 32, under the heading "Trustees", in the section of the Prospectus
entitled "Management of the Company", the following information is added:
"Wilfred E. Nolen, Trustee From 1983 to present, President of
Elgin, IL Church of the Brethren Benefit
Trust, Inc. (formerly Church of the
Brethren Pension Board); from 1990
to present, President of Brethren
Foundation, Inc.
3. On page 14, under the heading "MMA Praxis Growth Fund-Foreign Securities",
in the section of the Prospectus entitled "Investment Objectives, Policies
and Risk Factors", the following phrase of the second sentence is replaced
with the following:
"...through the purchase of sponsored and unsponsored American
Depositary Receipts ("ADRs") and European Depositary Receipts
("EDRs")..."
4. On page 19, under the section of the Prospectus entitled "Investment
Restrictions", the first line of sub-paragraph number 2 is replaced with
the following:
"2. Purchase any securities which would cause 25% or more of the value
of the..."
5. On page 5, under the heading "Annual Fund Operating Expenses", in the
section of the Prospectus entitled "Fee Table", the fees for the Growth
Fund are replaced with the following:
<PAGE>
<TABLE>
<S> <C> <C>
Income Growth
Fund Fund
Annual Fund Operating Expenses
(as a percentage of average net assets)
Investment Management Fees After Fee Waiver(3).............. .33% .74%
12b-1 Fees After Fee Waiver(4).............................. .05% .40%
Other Expenses After Fee Waiver(5).......................... .72% .61%
----- -----
Total Fund Operating Expenses After Fee Waiver(6) 1.10% 1.75%
</TABLE>
The purpose of this table is to assist a potential investor in
understanding the various costs and expenses that an investor in a Fund
will bear directly or indirectly. With respect to the Growth Fund, the Fee
Table has been restated to reflect the fees currently paid for that Fund.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THEIR PROSPECTUS
FOR FUTURE REFERENCE.
